Index Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
NASDAQ Golden Dragon China Net Total Return Index (NASDAQ:HXCNTR)
Sidelines Mode (-55) - HXCNTR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid HXCNTR?
MarketClub looks at technical strength and momentum to determine if the timing is right for HXCNTR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HXCNTR
The long-term trend has been DOWN since Mar 12th, 2020 at 11042.07
The intermediate-term trend has been DOWN since Feb 27th, 2020 at 11832.49
The short-term trend has been UP since Apr 6th, 2020 at 10995.61
Smart Scan Analysis for HXCNTR
Based on our trend formula, HXCNTR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).